Article Index

Capital Link regularly profiles health centers that have successfully completed their expansion plans. These health center stories are available on our website: http://www.caplink.org/client-impact/client-stories. The latest addition is a project highlight on Santa Cruz Women’s Health Center in California.

We also congratulate five health centers for completing financing for their projects since last quarter: Family Health Centers, Omak, WA; Family Health Centers of Worcester, MA;Shasta Community Health Center, Redding, CA ; Presbyterian Medical Services, Farmington, NM; and PrairieStar Health Center, Hutchinson, KS.

Family Health Centers (FHC), WA completed financing for a new, 19,793 square foot medical facility to replace its main clinic in Omak, WA. The one-story building will house 14 primary care exam rooms and three primary care procedure rooms, nearly double the amount of the previous facility, allowing FHC to serve an additional 4,780 new patients. Funding for the approximately $8.5 million project included $6,378,240 loan from the Healthy Futures Fund, a $910,941 LISC Subordinated Loan, and $1,235,000 in FHC equity.

Family Health Center of Worcester (FHCW), MA completed financing for a 24,000 square foot expansion and renovation of an existing facility, formerly occupied by Worcester City Hospital. The new building will house 20 exam rooms, eight dental operatories, as well as pharmacy and vision services, and will enable FHCW to serve an additional 8,000 new patients and add 25,000 new billable encounters per year. Funding for the $7.6 million project is includes a New Markets Tax Credit transaction and a $5 million HRSA Capital Development-Building Capacity grant.

Shasta Community Health Center, CA completed financing for a new, 26,000 square foot medical facility to replace its existing clinic. The three-story building will house 24 primary care exam rooms and a training center for patient education and continuing education needs, and will allow Shasta to serve an additional 6,000 new patients. Funding for the approximately $18.5 million project included a New Markets Tax Credit transaction and a $5 million HRSA Capital Development-Building Capacity grant.

Presbyterian Medical Services (PMS), NM completed financing for two capital projects – a new, 28,000 square foot medical facility in Farmington and a 2,500 expansion to a facility in Socorro. Both projects, upon completion, will allow PMS to add approximately 22,000 new patient visits per year. Funding for the approximately $11.8 million project included a New Markets Tax Credit transaction and a $5 million HRSA Capital Development-Building Capacity grant.

PrairieStar Health Center, KS completed financing to relocate and expand their Hutchinson, KS clinic to a new 33,000 square foot facility six miles south in South Hutchinson. The one-story building will include 26 medical exam and procedure rooms, and seven dental operatories. Upon completion, the expansion will allow PrairieStar to see a 23 percent increase in new patients within the first year, an additional 2,256 patients. Funding for the $8.9 million project included a $3.3 million loan from Prairie Bank of Kansas and a $5 million HRSA Capital Development-Building Capacity grant.